CREDIT BANK OF MOSCOW repaid first tranche of syndicated loan
24.03.2015
<p>23&nbsp;March 2015&nbsp;&mdash; CREDIT BANK OF&nbsp;MOSCOW repaid the USD300 mln /EUR20 mln 1-year tranche of&nbsp;the dual currency syndicated loan raised&nbsp;in&nbsp;March 2014. The second USD 68&nbsp;mln 1.5-year tranche falls due in&nbsp;September 2015. The 12- and 18-month tranches pay 6-month LIBOR/EURIBOR + 1.75% and 6-month LIBOR/EURIBOR + 1.95%, respectively.</p> <p>This is&nbsp;the largest syndicated loan ever raised by&nbsp;the Bank. Its proceeds were applied to&nbsp;finance trade-related operations of&nbsp;the Bank's customers. The original pool of&nbsp;lenders consisted of&nbsp;18&nbsp;international banks.</p> <p>CREDIT BANK OF&nbsp;MOSCOW is&nbsp;an&nbsp;active player in&nbsp;the international syndicated loans market: the Bank has raised 13&nbsp;syndicated loans since 2003. More information is&nbsp;available on&nbsp;our web site in&nbsp;the <a href="http://mkb.ru/en/about_bank/business/" >International Business</a> section.</p>